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A Met Police spokeswoman said: “Seven people were injured as a result of the collisions, a number of whom were taken to hospital by London Ambulance Service. None of the injuries were life threatening.

“The driver of the Ferrari, a 35-year-old man, was also taken to hospital for treatment to a minor injury.

"On discharge from hospital he was arrested on suspicion of dangerous driving and remains in custody at a south London police station at this time.”

Gravel Hill was closed southbound while the incident was dealt with (Image: UK News in Pictures)

Gravel Hill was closed southbound while the incident was dealt with.

A Ferrari 458 can be worth between £200,000 to £300,000, according to cars on sale on Autotrader.